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In this paper , the data of listed companies in China 2001 - 2008 213 listed companies as samples , using a variety of methods to study the relationship between the shareholding structure of the Company ( the largest shareholder and managerial ownership ) and corporate performance , ownership structure variables endogenous assumed conditions , through the use of principal component analysis to extract the main shareholder equity ratio , on this basis , this paper use panel data Granger causality analysis , the least-squares method of cross-sectional data , panel data sub- minimum squares , random effects panel data method of least squares and differential generalized estimate for the distance ( DIFF - GMM ) and system generalized estimate for the distance ( SYS - GMM ) method to verify the relationship between ownership structure and corporate performance . In this paper concluded : First, ownership structure and corporate performance are mutually reinforcing , the major proportion of shareholding in our corporate governance and corporate performance significantly affect the relationship , and the shareholding structure of the more concentrated the better performance of the company , the better the performance of the company , the higher the concentration of the shareholding structure of the Company ; , free cash flow and the company's performance there was a significant positive correlation between the third , regardless of the ownership of the property with the company's performance , the company's growth with the company performance there is a significant positive correlation between fifth, the company -specific risk and corporate performance was a significant positive correlation .
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